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Tesla Rival BYD is Absolutely Killing It – But There’s an Enormous Catch

By CCN: On the heels of a rather disappointing Tesla earnings call, Chinese electric car maker BYD Auto reported a stunning 632 percent increase in Q1 net profit. The company, backed by Warren Buffet, saw profits jump from 102.4 million yuan (~$16.2 million a…

By CCN: On the heels of a rather disappointing Tesla earnings call, Chinese electric car maker BYD Auto reported a stunning 632 percent increase in Q1 net profit. The company, backed by Warren Buffet, saw profits jump from 102.4 million yuan (~$16.2 million a…
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Facebook Stock Got Hammered Because the FTC Plans App Crackdown

The Federal Trade Commission is weighing an injunction against Facebook. Facebook stock fell as much as 5% on the news. Mark Zuckerberg’s PR efforts have failed to sway public opinion. On Thursday, The Wall Street Journal reported that the Federal Trade Commission (FTC) is preparing a potential injunction against Facebook. The agency claims that Facebook’s…